Heuking Kühn Lüer Wojtek advised on the transaction
Joh. Friedrich Behrens AG executed the offering of a third corporate bond of up to EUR 15.0 million. The new bond will have a term of five years and will redeem the existing 2015/20 bond early. An annual interest rate of 6.25 percent is planned. In terms of financing structuring / investor relations, the transaction will be supported by EULE Corporate Capital GmbH.
An exchange offer with the option of cash subscription will apply for existing bondholders. The conversion period with preferential terms runs from May 6 to June 7, 2019, the (cash) subscription period will begin on May 14, 2019. The bond will be admitted to trading on the Open Market of Frankfurt Stock Exchange after the end of the offering period.
Ahrensburg-based Behrens Group is one of the leading manufacturers of wood-fastening technology with wood and wood-like materials. The group has existed for 100 years and, via its subsidiaries and affiliated companies, sells machine tools (pneumatic and gas-powered nailing and stapling equipment) and the corresponding fasteners (magazined nails, staples, and screws) produced in Germany worldwide. Behrens Group employs more than 400 people globally.
Heuking Kühn Lüer Wojtek advised Joh. Friedrich Behrens AG with Thorsten Kuthe (Picture), Anna Richter, Sascha Beck ( Capital Markets) and Fabian G. Gaffron (Tax).
Law Firms: Heuking Kühn Lüer Wojtek;
Clients: Joh. Friedrich Behrens AG;